Can the Rally in Oasis Petroleum Inc. (OAS) Shares Continue? - Tale of the Tape

By: Zacks.com

Posted: 10/17/2013 6:06:00 AM

Referenced Stocks: OAS

Oasis Petroleum Inc. (
OAS
)
been on the move lately as the stock has risen by
21.69%
in the past four weeks, and it is currently trading well above
its 20-Day SMA. This is a pretty solid move higher, but the
question that has to be on investors' minds right now is; can
this trend continue?

While there can be no telling for sure, it is certainly
encouraging that earnings estimates have risen in the past few
weeks on the company, suggesting that sentiment on
OAS
is moving in the right direction. In fact, the stock currently
has a Zacks Rank
#2 (Buy)
, suggesting that the recent run could certainly continue for
this in-focus company.